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Sell L/C Finance

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Sell L/C Finance
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Date Posted : 2009/04/27
Category : Business Services > International Settlement Services > Letter of Credit
Offer Type : Sell
A.K.TRADERS

Membership Type : Free member
Registration Date : 2003-09-18
Country/Region : Malaysia India
Address : D-2/64,II FLOOR, JEEVANPARK NEW DELHI NCT, India
Phone : 91-97115-53817
Fax : 91-97115-53817
Contact : BRAHM

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Dear Sir,

We can arrange facility on your Confirm L/C, Your shipper get payment on sight basis and you can get credit for 90 days to 180 days. Interest at LIBOR+ Basis.

Interested pls contact.
BUYERS CREDIT
Buyer’s credit facility provide to the importers, who are importing goods through confirm L/C. There is two system.1)If the L/C is usance ie: 60days, 90days, 180days etc in this condition shipper (exporter) get payment at SIGHT basis and importer get credit on LIBOR+ rates. Shipper documents to be discounted at counter of advising bank. 2) incase of SIGHT L/C, when importer’s bank received the documents for payment, then syndicate bank provide L/C Amount DD in US$ for usance period as per importer and Importer’s bank issue necessary Letter of Comfort.(Stating that bank will pay that amount on due date to Syndicate Bank).

Procedure
To get buyers credit follows following procedure.
Incase of Usance L/C
1.Fax to Proforma Invoice
2.We will get the Bank Quote(ie: LIBOR RATES + and bank charges)
3. We will confirm by FAX LIBOR + Rate Quote and Name of Advising Bank to Importer
4. Importer issue necessary confirm L/C and put the necessary clauses as per direction ( necessary clauses mentioned in the FAX which you received by us)
5. Advising Bank confirm the L/C and Issuing Bank remit confirmation charges.
6.Shipper/Exporter negotiate the documents to advising Bank’s counter and get payment.
Incase of SIGHT L/C
1.Importer Fax us copy of L/C
2.We will get necessary LIBOR+ Quote and confirm to importer.
3. Importer provide us LOC9letter of Comfort from their Bank)
4. We will provide necessary DEMAND DD to Importer’s Bank.
5. Confirmation Charges remitted by Importer’s Bank



Related Keywords: L/C Discounting on, LIBOR rates
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